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In Kingbird Corporation first year of operation , inadequate budgeting led to significant cost over runs n multiple production areas. Direct materials needed to be

In Kingbird Corporation first year of operation , inadequate budgeting led to significant cost over runs n multiple production areas. Direct materials needed to be express delivered and laborers needed to be paid overtime because reasable budgets weren't in place, nor were managers properly trained on how yo use them. If adequate budgeted had been done the company might have acheived its objective that year. As year one come to a close , all managers are now committed to creating and using accurate budget for next year so they can properly plan for the resources to support production. The following information is in place to assist the management team in budgeted for year 2. Budgeted sales volume y2 q15,200 q25,600 q35,200 q46,000 year3 q15,700 q25,900 additional information : 1) Budgeted selling price is $79/ unit 2) Desired ending FG inventory is 25% of the following quarter's sales volume. 3) Begining FG Inventory on Jan 1 of year 2 is expected to be just 740 units 4) Each unit requires 3 pounds of DM at an estimated cost of $4/ pound. 5) Desired ending DM Inventory is 20% of the following production in needs 6) Each unit requires 1.2 DL hours at an estimated cost of $14/hour.7) Variable MOH is applied to units at a budgeted rate of $15/ unit produced. 8) Quarterly Fixed MOH costs are expected as follows; depreciation on plant assets of $10,900, supervisor's salaries of $21,700, and property raxes and insurance $5,300.9) Variable SG&A expenses are budgeted at a rate of $3/unit sold 10) Quartely fixed SG&A expenses are expected as follows; sales salaries of $14,900, advertising of $2,700, and executive and administative salaries of $42,100 Prepare the quartely sales budget for Kingbird for its second year of operation .(A1) Present budgeted amounts for each quarter and gor the year overall (a2) prepare the quartely production budget for Kingbird for its second year of operations. Present budgeted amounts for each quarter and for the year overall.

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